Cryogenic Valve Assembly Market Size, Share and Analysis

Overview

The cryogenic valve assembly market is projected to grow from USD 4.83 billion in 2024 to USD 7.21 billion by 2029 at a CAGR of 8.3%. The growth in the cryogenic valve assembly market is driven by increasing demand for cryogenic applications in industries such as energy, healthcare, and manufacturing. Expansion in LNG trade and storage infrastructure, advancements in space exploration requiring cryogenic equipment, and the growing use of industrial gases in medical and industrial processes are some of the factors contributing to market expansion. Moreover, technological improvements in valve designs and materials with regard to performance at very low temperatures, along with the strict regulations on safety, continue to positively support market growth.

Attractive Opportunities in the Cryogenic Valve Assembly Market

ASIA PACIFIC

Asia Pacific is estimated to be the largest market. Rapid industrialization, coupled with government investments in LNG infrastructure and storage facilities, is further boosting demand.

Growing LNG infrastructure will drive the cryogenic valve assembly market in the next five years.

The growing demand for clean energy to achieve net-zero emission goals presents opportunities for the cryogenic valve assembly market.

Rising demand for liquefied natural gas as a clean and efficient Energy source will boost the market.

North America is set to be the second-largest market for the cryogenic valve assembly market during the forecast period.

Global Cryogenic Valve Assembly Market Dynamics

DRIVER: Rising demand for liquefied natural gas as a clean and efficient energy source

Countries around the world are focusing on reducing greenhouse gas emissions, fast-tracking the shift to low-carbon energy sources such as liquefied natural gas. The shift is marked by increasing use of LNG as a substitute for traditional fossil fuels. Shell believes that global LNG demand will surge by more than 50% by 2040. China and South Asia are moving from coal to gas, while Southeast Asia uses LNG to support economic growth. In North Asia, LNG demand is expected to grow by 5% between 2024 and 2025. In addition, in 2023, approximately 14% of global natural gas demand was fulfilled through LNG supplies. Altogether, about 404 million tons of LNG were traded worldwide during 2023, an increase of approximately 7 million tons compared to the previous year. LNG has emerged as a central component of the global energy transition, especially in power generation and transportation.

Cryogenic valves are essential to store and transport LNG at extremely low temperatures to ensure safe, precise, and efficient flow control. The rapid expansion of LNG has led to increased adoption of advanced cryogenic technologies. This trend, coupled with global efforts to reduce carbon emissions, continues to fuel the growth of the cryogenic valve assembly market.

Restraint: Volatile raw material and metal prices, and significant competition from gray market players

Cryogenic equipment is made from materials such as stainless steel, bronze, carbon steel, and specialized alloys. Fluctuations in metal prices significantly impact the production costs of cryogenic valves, primarily due to the reliance on high-quality materials such as stainless steel and specialized alloys that are essential for maintaining performance under extremely low temperatures. As the prices of these metals rise, manufacturers face increased costs in sourcing raw materials, which can lead to higher overall production expenses. This situation creates pressure on profit margins and may force companies to pass on these costs to consumers through increased prices for cryogenic valves. Additionally, the volatility in metal prices can disrupt pricing strategies and financial planning for manufacturers, making it challenging to maintain competitive pricing in a market that is already facing competition from alternative suppliers and gray market players. In Q3 2024, stainless steel prices showed regional variations, with the US reaching USD 3,985 per MT in September, while prices in China settled at a lower level of USD 1,615 per MT. Meanwhile, in Germany, prices stood at USD 3,670 per MT, reflecting a moderate position between the US and China in the global market. Other regions, such as Asia and Europe, are also reporting rising stainless-steel prices.

Opportunity: Expansion of the industrial gas market

Industrial gases are witnessing growth in demand across various sectors such as healthcare, manufacturing, chemicals, and energy. As industries increasingly adopt cleaner energy solutions, gases like oxygen, nitrogen, and hydrogen are essential for processes such as welding, cooling, and chemical production. According to Statista, Linde, Air Liquide, Air Products, and Taiyo Nippon Sanso are the largest industrial gas companies worldwide. Together, these four conglomerates account for over 80% of the industrial gas sector. The growth of renewable energy projects, such as hydrogen production for fuel cells, is creating new opportunities for industrial gas producers.Hydrogen is becoming increasingly important in the transition to cleaner energy sources. The overall economic growth and increased industrial activities around the globe contribute to the rising demand for industrial gases.

Cryogenic liquefied gases are transported in thermally insulated containers designed to withstand extreme temperature fluctuations. These include Dewar flasks, which are non-pressurized with loose lids to prevent air and moisture entry while allowing pressure venting, often used for temporary storage in laboratories. Liquid cylinders, on the other hand, are pressurized containers equipped with valves for filling, dispensing, and pressure control, suitable for gas, liquid, or both applications, ensuring safe and efficient handling of cryogenic liquids.

Challenge: Compliance with stringent regulations and safety standards

Cryogenic valve equipment is necessary for the safe handling of hazardous cryogenic liquids. It must meet strict standards, certifications, and regulations, such as ASME and ISO, to prevent accidents and meet safety requirements in industries like energy, healthcare, and aerospace. Across regions, such as the European Union, the US, and Asia-Pacific, regulatory authorities enforce very stringent regulations for operational safety, environmental protection, and preventing accidents. Most of these regulations make it obligatory for manufacturers to meet complex certification processes like ASME standards, ISO certifications, and API specifications. A few of the key standards include ISO 5208, which addresses pressure testing of cryogenic valves, and ISO 10434, which specifies requirements for bolted bonnet steel gate cryogenic valves used in the petroleum, petrochemical, and allied industries. ISO 11114-1 and ISO 11114-2 focus on the compatibility of metallic and non-metallic valve materials with transportable gas cylinders, while ISO 15761 covers steel gates, globe, and check valves for sizes DN 100 and smaller, primarily for the petroleum and natural gas industries. These can result in higher production costs and longer development periods. Moreover, frequent updates to such regulations require incessant investment in compliance measures such as testing, documentation, and audits, which may discourage small and medium-sized enterprises from entering the market.

Global Cryogenic Valve Assembly Market Ecosystem Analysis

The cryogenic valve assembly market operates within a complex and highly specialized supply chain ecosystem that integrates multiple stakeholders. Key stakeholders in this ecosystem include raw material suppliers, component manufacturers, EPC, and the end user industry.

Top Companies in Cryogenic Valve Assembly Market

Note: The above diagram only shows the representation of the Cryogenic Valve Assembly Market ecosystem; it is not limited to the companies represented above.
Source: Secondary Research and MarketsandMarkets Analysis

By type, ball valves are estimated to form the largest segment during the forecast period

Ball valves are the biggest share-holding segment of cryogenic valve assembly as they are very effective at providing better sealing capacity for handling such fluids as LNG, liquid nitrogen, and oxygen, which cannot tolerate leakage because their applications may need complete shutoff conditions. Additionally, ball valves are very durable, easy to operate, and suitable for automated systems, which makes them a good fit for industries like energy, chemicals, and transportation, where efficiency and reliability are key. Their versatility across a wide range of cryogenic applications further cements their position in the market.

In the energy & power sector, ball valves are extensively used in LNG and hydrogen storage, transportation, and regasification systems, where they provide efficient shut-off and regulation of cryogenic gases and liquids. Their ability to operate smoothly in cryogenic environments with minimal friction and wear makes them ideal for these high-demand systems. In metallurgy, ball valves are utilized in metal production processes, controlling the flow of cryogenic gases like oxygen for cutting and welding operations. In the electronics sector, ball valves are essential for controlling the flow of nitrogen in semiconductor manufacturing and cooling systems. As demand for cryogenic technologies grows across these industries, ball valves are becoming increasingly critical in maintaining safety, efficiency, and operational reliability in cryogenic applications.

By cryogen, nitrogen is set to be the largest market during the forecast period

Nitrogen is the largest segment in the cryogenic valve assembly market due to its wide usage across various industries. Liquid nitrogen is widely used in applications such as food freezing, medical cryopreservation, electronics manufacturing, and industrial processes. Its inert nature and low boiling point make it ideal for maintaining ultra-cold temperatures in storage and transport systems. The growing requirements of nitrogen for pharmaceuticals, biotechnology, and chemical industries also boost up the demand for reliable cryogenic valve assemblies for efficient and safe handling of liquid nitrogen. These valves are crucial for the safe handling, precise flow control, and efficient storage of liquid nitrogen, ensuring reliability and safety in operations. As industries continue to innovate and expand, the importance of nitrogen and the demand for advanced cryogenic valve assemblies are expected to grow significantly, solidifying their role in various critical applications.

Moreover, the advancements in space and aerospace programs, and increased investment in research laboratories are also contributing to the surge in demand. As global industrial and scientific applications evolve, nitrogen’s importance continues to rise, solidifying the role of advanced cryogenic valve assemblies as essential components in maintaining performance, safety, and operational integrity across a variety of sectors.

Asia Pacific to be the largest cryogenic valve assembly regional market during the forecast period

The largest market for cryogenic valve assembly is Asia Pacific. The region is expected to remain the main destination for LNG imports and the largest center for LNG demand through 2050. China, Southeast Asia, and South Asia are expected to be the main drivers of LNG demand growth in the Asia Pacific. This is due to their rapidly developing economies, urbanization, and growing need for cleaner energy sources. In addition, China, India, and Japan have significantly driven the market with expanding chemical, pharmaceutical, and electronics industries that highly depend on cryogenic technologies. The growing adoption of LNG as a cleaner energy source and the increasing investments in LNG infrastructure across countries like China, Japan, India, and Australia will continue to support the expansion of the cryogenic valve market in the region. Furthermore, the region’s GDP is anticipated to triple in size and constitute half of the world’s economic size by mid-century.

Other important factors contributing to Asia Pacific's leadership position include the presence of major manufacturers and increasing use of advanced technologies. Combined with the region’s large population base, increasing industrialization, and the presence of leading valve manufacturers, these trends firmly establish Asia Pacific as a global leader in cryogenic valve assembly demand and innovation.

HIGHEST CAGR (2024–2029)

CHINA FASTEST-GROWING MARKET IN THE REGION

Cryogenic Valve Assembly Market by region

Recent Developments of Cryogenic Valve Assembly Market

In November 2024, Crane Company acquired Technifab Products, Inc. on November 1, 2024, for USD 40.5 million. Technifab specialized in vacuum-insulated pipe systems and valves for cryogenic applications. The acquisition strengthened Crane’s cryogenic capabilities and expanded its reach into new markets in the semiconductor, medical, and pharmaceutical industries

In August 2024, Flowserve acquired MOGAS Industries for USD 290 million, with a potential USD 15 million earnout. MOGAS, a leading manufacturer of severe service valves, will enhance Flowserve's Flow Control Division by adding complementary products and a strong brand, particularly in the mining and process industries. The acquisition aligns with Flowserve's 3D growth strategy, diversifying its portfolio and increasing aftermarket opportunities.

In January, 2024, Emerson launched the Fisher 63EGLP-16 Pilot Operated Relief Valve to meet the safety needs of storage tank applications, improving installation, maintenance, and operation for pressurized tanks. This new product extended Emerson’s safety valve portfolio with enhanced features to support the specific needs of liquid propane and ammonia storage systems. This would be beneficial for cryogenic valve application, ensuring the safety of operation.

In August 2023, KITZ Corporation merged with Cephas Pipelines Co., Ltd. to consolidate its valve manufacturing and sales operations in Korea. The newly formed company, KITZ Corporation of Korea, would manufacture both Cephas and KITZ products. This merger aimed to strengthen sales capabilities and improve the stable supply of global products in Korea. The head office was based in Busan, Korea.

Key Market Players

List of Top Cryogenic Valve Assembly Market Companies

The Cryogenic Valve Assembly Market is dominated by a few major players that have a wide regional presence. The major players in the Cryogenic Valve Assembly Market are

BAC VALVES (Spain)
cryocomp (US)
VALCO GROUP (France)
MAVERICKVALVES (Netherlands)
Rochelles Technomatics India Pvt. Ltd. (India)
XINTAI VALVE (China)
MECA-INOX (China)
Cryogenic Specialty Manufacturing (Malaysia)

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Scope of the Report

Report Attribute	Details
Market size available for years	2022–2029
Base year considered	2023
Forecast period	2024–2029
Forecast units	Value (USD Million/Billion)
Segments Covered	Type, System Type, Application, Cryogen, End-user, Component, Construction Material, Region
Regions covered	North America, Europe, Asia Pacific, Rest of the World (RoW)

Key Questions Addressed by the Report

What is the current size of the cryogenic valve assembly market?

The current market size of the cryogenic valve assembly market is USD 4,830.6 million in 2024.

What are the major drivers for the cryogenic valve assembly market?

Favorable government policies and stringent laws are some of the major drivers for the cryogenic valve assembly market.

Which is the largest market for cryogenic valve assembly during the forecast period?

Asia Pacific is projected to dominate the cryogenic valve assembly market between 2024 and 2029.

Among types, which one is expected to be the largest subsegment in the cryogenic valve assembly market during the forecast period?

The ball valve segment is estimated to be the largest segment by type during the forecast period.

Which is expected to be the largest cryogen segment in the cryogenic valve assembly market during the forecast period?

Nitrogen is estimated to be the largest segment during the forecast period.

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TITLE

PAGE NO

INTRODUCTION

RESEARCH METHODOLOGY

EXECUTIVE SUMMARY

PREMIUM INSIGHTS

MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS

DRIVERS

- Rise in demand for liquefied natural gas as clean and efficient energy source

- Rising in investment in chemical industry

RESTRAINTS

- Volatile raw material and metal prices and significant competition from gray market players

- Hazards and greenhouse gas emissions resulting from leak of cryogenic fluids

OPPORTUNITIES

- Expansion of industrial gas market

- Growth of space, healthcare, and hydrogen industry

CHALLENGES

- Compliance with stringent regulations and safety standards

- High maintenance and cost challenges
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.4 SUPPLY CHAIN ANALYSIS
5.5 ECOSYSTEM ANALYSIS
5.6 TECHNOLOGY ANALYSIS

SMART VALVE TECHNOLOGY

ADVANCED MATERIALS AND DESIGN

BI-DIRECTIONAL FLOW CAPABILITY

LOW-LEAKAGE CRYOGENIC VALVE TECHNOLOGY BY NASA
5.7 CASE STUDY ANALYSIS

ENHANCING CRYOGENIC VALVE RELIABILITY WITH UNILION SEALS TO REDUCE FAILURES AND IMPROVE PERFORMANCE

PREVENTING HUMAN ERROR IN CRYOGENIC VALVE OPERATIONS WITH ALCATRAZ INTERLOCKS
5.8 PATENT ANALYSIS
5.9 PRICING ANALYSIS

AVERAGE SELLING PRICE TREND, BY TYPE, 2023–2029

INDICATIVE PRICING TREND, BY REGION, 2023–2029
5.10 TRADE ANALYSIS

HS CODE 280430

- Nitrogen export scenario

- Nitrogen import scenario

HS CODE 280421

- Argon export scenario

- Argon import scenario

HS CODE 280440

- Oxygen export scenario

- Oxygen import scenario

HS CODE 271111

- LNG export scenario

- LNG import scenario

HS CODE 280410

- Hydrogen export scenario

- Hydrogen import scenario
5.11 KEY CONFERENCES AND EVENTS, 2024–2025
5.12 REGULATORY LANDSCAPE

REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

REGULATORY FRAMEWORKS
5.13 PORTER’S FIVE FORCES ANALYSIS

THREAT OF SUBSTITUTES

BARGAINING POWER OF SUPPLIERS

BARGAINING POWER OF BUYERS

THREAT OF NEW ENTRANTS

INTENSITY OF COMPETITIVE RIVALRY
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA

KEY STAKEHOLDERS IN BUYING PROCESS

BUYING CRITERIA
5.15 INVESTMENT AND FUNDING SCENARIO
5.16 MACROECONOMIC OUTLOOK FOR MARKET

CRYOGENIC VALVE ASSEMBLY MARKET, BY CONSTRUCTION MATERIALS (QUALITATIVE)

6.1 INTRODUCTION
6.2 STAINLESS STEEL
6.3 NICKEL ALLOYS
6.4 STELLITE
6.5 POLYTETRAFLUOROETHYLENE (PTFE)
6.6 POLYCHLOROTRIFLUOROETHYLENE (PCTFE)
6.7 GRAPHITE

CRYOGENIC VALVE ASSEMBLY MARKET, BY SYSTEM TYPE (QUALITATIVE)

7.1 INTRODUCTION
7.2 STORAGE SYSTEMS
7.3 HANDLING SYSTEMS
7.4 SUPPLY SYSTEMS
7.5 OTHER SYSTEMS

CRYOGENIC VALVE ASSEMBLY MARKET, BY TYPE

8.1 INTRODUCTION
8.2 GATE VALVES

ENABLING SAFE AND PRECISE ISOLATION IN CRYOGENIC APPLICATIONS
8.3 GLOBE VALVES

OFFERING ENERGY EFFICIENCY BY OPTIMIZING FLUID FLOW IN CRYOGENIC SYSTEMS APPLICATIONS
8.4 BALL VALVES

NEED FOR FAST OPERATION IN EMERGENCY SHUT-OFF SITUATIONS
8.5 CHECK VALVES

NEED FOR SAFE AND EFFICIENT OPERATION IN TRANSPORTATION AND STORAGE OF LIQUEFIED GASES
8.6 BUTTERFLY VALVES

PROVIDING LOW-PRESSURE DROPS MAKES THEM SUITABLE FOR HIGH-FLOW CRYOGENIC APPLICATIONS
8.7 OTHER VALVES

CRYOGENIC VALVE ASSEMBLY MARKET, BY COMPONENT

103

9.1 INTRODUCTION
9.2 VALVE BODY

RISING FOCUS ON MEETING STRINGENT SAFETY AND REGULATORY STANDARDS IN CRYOGENIC APPLICATIONS
9.3 SEATS

DEMAND FOR HIGH-PERFORMANCE SEATS TO ENSURE ZERO-LEAK OPERATION IN CRITICAL CRYOGENIC APPLICATIONS
9.4 SEALS

RISE IN REQUIREMENT FOR SEALS CAPABLE OF WITHSTANDING HARSH CHEMICALS AND CORROSIVE MEDIA
9.5 GASKETS

ESSENTIAL FOR ENSURING LEAK-PROOF SEALS IN CRYOGENIC SYSTEMS, PREVENTING FLUID OR GAS LEAKAGE
9.6 BACK-UP RINGS

OFFERING INCREASED LONGEVITY OF SEALS, REDUCING FREQUENCY OF REPLACEMENTS AND MAINTENANCE COSTS
9.7 PIPE SLEEVES

ADDITIONAL STRENGTH IMPROVES ABILITY TO WITHSTAND HIGH-PRESSURE CONDITIONS IN CRYOGENIC SYSTEMS
9.8 SPACERS

ENSURING PRECISE ALIGNMENT BETWEEN COMPONENTS, IMPROVING OVERALL PERFORMANCE AND EFFICIENCY OF CRYOGENIC SYSTEMS
9.9 BEARINGS

MINIMIZING FRICTION BETWEEN MOVING PARTS, ENHANCING EFFICIENCY IN VALVE OPERATIONS
9.10 GEARS

INCREASED NEED FOR GEARS TO ENABLE ACCURATE VALVE ACTUATION AND FLOW REGULATION
9.11 ACTUATORS

RISE IN DEMAND FOR PRECISE CONTROL OF VALVE MOVEMENT IN CRYOGENIC APPLICATIONS
9.12 BONNET

EXTENDED BONNET PREVENTS FREEZING BETWEEN PACKING AND STEM, ENSURING BETTER SEALING IN EXTREME TEMPERATURES
9.13 DISCS/PLUGS

MAINTAINING PRESSURE AND PREVENTING LEAKAGE TO ENSURE SAFE TRANSPORT AND STORAGE OF CRYOGENIC LIQUIDS
9.14 STEM

MADE FROM DURABLE MATERIALS TO WITHSTAND PHYSICAL STRESSES AND CORROSIVE EFFECTS OF CRYOGENIC LIQUIDS
9.15 THROTTLE PLATES

ENSURING ACCURATE CONTROL OF GAS OR FLUID FLOW AT VARYING TEMPERATURES
9.16 OTHER COMPONENTS

CRYOGENIC VALVE ASSEMBLY MARKET, BY CRYOGEN

111

10.1 INTRODUCTION
10.2 NITROGEN

HIGH ADOPTION OF NITROGEN IN ENERGY & POWER SECTOR
10.3 ARGON

RISE IN DEMAND FOR ELECTRONICS TO DRIVE REQUIREMENTS FOR ARGON-HANDLING CRYOGENIC VALVE ASSEMBLY
10.4 OXYGEN

INCREASE IN STEEL AND IRON PRODUCTION TO CREATE HIGH DEMAND FOR OXYGEN-RELATED CRYOGENIC EQUIPMENT
10.5 LNG

EFFICIENCY AND SAFETY TO BE VITAL FOR LNG STORAGE, TRANSPORTATION, AND REGASIFICATION PROCESSES
10.6 HYDROGEN

INCREASE IN PRODUCTION OF HYDROGEN-POWERED VEHICLES TO NECESSITATE ADVANCED CRYOGENIC VALVES FOR SECURE HYDROGEN HANDLING
10.7 OTHER CRYOGENS

CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY

118

11.1 INTRODUCTION
11.2 METALLURGY

NEED FOR PRECISE REGULATION OF EXTREMELY LOW-TEMPERATURE LIQUIDS AND GASES IN METAL PROCESSING
11.3 ENERGY & POWER

INCREASED DEMAND FOR LIQUEFIED NATURAL GAS (LNG) FOR POWER GENERATION AND TRANSPORTATION
11.4 CHEMICALS

PRODUCTION OF SPECIALTY CHEMICALS, OFTEN INVOLVING LOW-TEMPERATURE PROCESSES, TO SUPPORT ADOPTION OF VALVES FOR PRECISE CONTROL
11.5 ELECTRONICS

GROWING SEMICONDUCTOR INDUSTRY TO REQUIRE ULTRA-PURE CRYOGENIC GASES SUCH AS NITROGEN AND HELIUM
11.6 TRANSPORTATION

GLOBAL INCREASE IN BUILDING LNG AND HYDROGEN REFUELING STATIONS
11.7 OTHER END-USER INDUSTRIES

CRYOGENIC VALVE ASSEMBLY MARKET, BY APPLICATION

126

12.1 INTRODUCTION
12.2 CRYOGENIC AIR SEPARATION UNIT (CASU)

NEED FOR OXYGEN AND NITROGEN IN POWER GENERATION, NATURAL GAS PROCESSING, AND LNG PRODUCTION
12.3 NON-CRYOGENIC AIR SEPARATION UNIT (NON-CASU)

BEING SMALLER AND MORE COMPACT TO ALLOW FOR EASIER INSTALLATION IN LIMITED SPACES

CRYOGENIC VALVE ASSEMBLY MARKET, BY REGION

129

13.1 INTRODUCTION
13.2 ASIA PACIFIC

CHINA

- Increase in LNG infrastructure to meet rising energy demand

INDIA

- Increase in investments in space missions

AUSTRALIA

- Australia's LNG export leadership to fuel demand for cryogenic valves in storage and transport

JAPAN

- Initiatives to become global leader in hydrogen technology and infrastructure

MALAYSIA

- Government’s push for cleaner energy sources to necessitate efficient valve systems with expanding natural gas networks for transportation and distribution

REST OF ASIA PACIFIC
13.3 NORTH AMERICA

US

- US leadership in LNG exports, supported by expanding terminal capacities, to drive demand in storage and transportation

CANADA

- Construction of LNG export facilities to generate significant demand for cryogenic equipment

MEXICO

- Pioneering energy transformation with robust LNG and hydrogen infrastructure advancements
13.4 EUROPE

RUSSIA

- Investments in LNG by energy giants

UK

- Government’s commitment to net-zero carbon emissions

GERMANY

- Germany's hydrogen economy to drive demand for cryogenic valves for liquid hydrogen storage and transport

FRANCE

- National low-carbon strategy with five-year carbon budgets and multiannual plan for energy investments

REST OF EUROPE
13.5 MIDDLE EAST

GCC COUNTRIES

- Saudi Arabia

- UAE

- Qatar

- Rest of GCC

REST OF THE MIDDLE EAST
13.6 AFRICA

SOUTH AFRICA

- Growth in metallurgy, chemicals, and healthcare to drive demand for industrial gases

NIGERIA

- Increase in demand for LNG and nitrogen from oil & gas and shipping industries

ALGERIA

- Upcoming offshore projects, increasing LNG export volumes, and ongoing enhancements in liquefaction and storage facilities

REST OF AFRICA
13.7 SOUTH AMERICA

BRAZIL

- Energy transition and oil production from offshore sources

ARGENTINA

- Reviving oil & gas sector to bring opportunities for cryogenic valves and component providers

VENEZUELA

- Vast natural gas reserves, including Orinoco Belt, drive LNG production and export

REST OF SOUTH AMERICA

COMPETITIVE LANDSCAPE

172

14.1 OVERVIEW
14.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
14.3 MARKET SHARE ANALYSIS, 2023
14.4 REVENUE ANALYSIS, 2020–2024
14.5 BRAND/PRODUCT COMPARISON
14.6 COMPANY VALUATION AND FINANCIAL METRICS, 2024
14.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023

STARS

EMERGING LEADERS

PERVASIVE PLAYERS

PARTICIPANTS

COMPANY FOOTPRINT: KEY PLAYERS, 2023

- Company footprint

- Regional footprint

- Type footprint

- Cryogen footprint

- Application footprint

- End User Footprint

- Component footprint
14.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023

PROGRESSIVE COMPANIES

RESPONSIVE COMPANIES

DYNAMIC COMPANIES

STARTING BLOCKS

COMPETITIVE BENCHMARKING

- List of key startups/SMEs

- Competitive benchmarking of key startups/SMEs
14.9 COMPETITIVE SCENARIO

PRODUCT LAUNCHES

DEALS

EXPANSIONS

OTHER DEVELOPMENTS

COMPANY PROFILES

200

15.1 KEY PLAYERS

PARKER HANNIFIN CORP

- Business overview

- Products/Solutions/Services offered

- Recent developments

- MnM view

EMERSON ELECTRIC CO.

- Business overview

- Products/Solutions/Services offered

- Recent developments

- MnM view

FLOWSERVE CORPORATION

- Business overview

- Products/Solutions/Services offered

- Recent developments

- MnM view

CRANE COMPANY

- Business overview

- Products/Solutions/Services offered

- Recent developments

- MnM view

VALMET

- Business overview

- Products/Solutions/Services offered

- Recent developments

- MnM view

VELAN

- Business overview

- Products/Solutions/Services offered

BAKER HUGHES

- Business overview

- Products/Solutions/Services offered

- Recent developments

KITZ CORPORATION

- Business overview

- Products/Solutions/Services offered

- Recent developments

BRAY INTERNATIONAL

- Business overview

- Products/Solutions/Services offered

BAC VALVES

- Business overview

- Products/Solutions/Services offered

CRYOCOMP

- Business overview

- Products/Solutions/Services offered

SLB

- Business overview

- Products/Solutions/Services offered

- Recent developments

L&T VALVES LIMITED

- Business overview

- Products/Solutions/Services offered

POWELL VALVES

- Business overview

- Products/Solutions/Services offered

HABONIM

- Business overview

- Products/Solutions/Services offered

HEROSE

- Business overview

- Products/Solutions/Services offered
15.2 OTHER PLAYERS

SAMSON AKTIENGESELLSCHAFT

VALCO GROUP

OSWAL INDUSTRIES LIMITED

MAVERICK VALVES

CRYOGENIC SPECIALTY MANUFACTURING

ROCHELLES TECHNOMATICS INDIA PVT. LTD

XHVAL GROUP VALVE CO., LTD.

XINTAI VALVE

MECA-INOX

APPENDIX

267

16.1 INSIGHTS OF INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS

LIST OF TABLES

TABLE 1 CRYOGENIC VALVE ASSEMBLY MARKET SNAPSHOT
TABLE 2 ROLE OF COMPANIES IN CRYOGENIC VALVE ASSEMBLY ECOSYSTEM
TABLE 3 LIST OF MAJOR PATENTS, 2021–2024
TABLE 4 AVERAGE SELLING PRICE TREND OF CRYOGENIC VALVE ASSEMBLY MARKET, BY TYPE, 2023–2029 (USD)
TABLE 5 INDICATIVE PRICING TREND OF CRYOGENIC VALVE ASSEMBLY, BY REGION, 2023–2029 (USD)
TABLE 6 EXPORT DATA FOR HS CODE 280430, BY COUNTRY, 2021–2023 (USD THOUSAND)
TABLE 7 IMPORT DATA FOR HS CODE 280430, BY COUNTRY, 2021–2023 (USD THOUSAND)
TABLE 8 EXPORT DATA FOR HS CODE 280421, BY COUNTRY, 2021–2023 (USD THOUSAND)
TABLE 9 IMPORT DATA FOR HS CODE 280421, BY COUNTRY, 2021–2023 (USD THOUSAND)
TABLE 10 EXPORT DATA FOR HS CODE 280440, BY COUNTRY, 2021–2023 (USD THOUSAND)
TABLE 11 IMPORT DATA FOR HS CODE 280440, BY COUNTRY, 2021–2023 (USD THOUSAND)
TABLE 12 EXPORT DATA FOR HS CODE 271111, BY COUNTRY, 2021–2023 (USD THOUSAND)
TABLE 13 IMPORT DATA FOR HS CODE 271111, BY COUNTRY, 2021–2023 (USD THOUSAND)
TABLE 14 EXPORT DATA FOR HS CODE 280410, BY COUNTRY, 2021–2023 (USD THOUSAND)
TABLE 15 IMPORT DATA FOR HS CODE 280410, BY COUNTRY, 2021–2023 (USD THOUSAND)
TABLE 16 MARKET: LIST OF CONFERENCES AND EVENTS
TABLE 17 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 18 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 19 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 20 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 21 MIDDLE EAST: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 22 MARKET: REGULATORY FRAMEWORKS
TABLE 23 MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY END-USER INDUSTRIES
TABLE 25 KEY BUYING CRITERIA FOR KEY END-USER INDUSTRIES
TABLE 26 MARKET, BY TYPE, 2022–2029 (USD MILLION)
TABLE 27 GATE VALVE ASSEMBLY MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 28 GLOBE VALVE ASSEMBLY MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 29 BALL VALVE ASSEMBLY MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 30 CHECK VALVE ASSEMBLY MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 31 BUTTERFLY VALVE ASSEMBLY MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 32 OTHER MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 33 MARKET, BY COMPONENT, 2022–2029 (USD MILLION)
TABLE 34 MARKET, BY CRYOGEN, 2022–2029 (USD MILLION)
TABLE 35 MARKET FOR NITROGEN, BY REGION, 2022–2029 (USD MILLION)
TABLE 36 MARKET FOR ARGON, BY REGION, 2022–2029 (USD MILLION)
TABLE 37 MARKET FOR OXYGEN, BY REGION, 2022–2029 (USD MILLION)
TABLE 38 MARKET FOR LNG, BY REGION, 2022–2029 (USD MILLION)
TABLE 39 MARKET FOR HYDROGEN, BY REGION, 2022–2029 (USD MILLION)
TABLE 40 CRYOGEN VALVE ASSEMBLY MARKET FOR OTHER CRYOGENS, BY REGION, 2022–2029 (USD MILLION)
TABLE 41 MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 42 MARKET IN METALLURGY, BY REGION, 2022–2029 (USD MILLION)
TABLE 43 MARKET IN ENERGY & POWER, BY REGION, 2022–2029 (USD MILLION)
TABLE 44 MARKET IN CHEMICALS, BY REGION, 2022–2029 (USD MILLION)
TABLE 45 MARKET IN ELECTRONICS, BY REGION, 2022–2029 (USD MILLION)
TABLE 46 MARKET IN TRANSPORTATION, BY REGION, 2022–2029 (USD MILLION)
TABLE 47 MARKET IN OTHER END-USER INDUSTRIES, BY REGION, 2022–2029 (USD MILLION)
TABLE 48 MARKET, BY APPLICATION, 2022–2029 (USD MILLION)
TABLE 49 MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 50 ASIA PACIFIC: MARKET, BY CRYOGEN, 2022–2029 (USD MILLION)
TABLE 51 ASIA PACIFIC: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 52 ASIA PACIFIC: MARKET, BY TYPE, 2022–2029 (USD MILLION)
TABLE 53 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 54 CHINA: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 55 INDIA: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 56 AUSTRALIA: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 57 JAPAN: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 58 MALAYSIA: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 59 REST OF ASIA PACIFIC: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 60 NORTH AMERICA: MARKET, BY CRYOGEN, 2022–2029 (USD MILLION)
TABLE 61 NORTH AMERICA: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 62 NORTH AMERICA: MARKET, BY TYPE, 2022–2029 (USD MILLION)
TABLE 63 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 64 US: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 65 CANADA: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 66 MEXICO: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 67 EUROPE: MARKET, BY CRYOGEN, 2022–2029 (USD MILLION)
TABLE 68 EUROPE: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 69 EUROPE: MARKET, BY TYPE, 2022–2029 (USD MILLION)
TABLE 70 EUROPE: MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 71 RUSSIA: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 72 UK: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 73 GERMANY: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 74 FRANCE: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 75 REST OF EUROPE: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 76 MIDDLE EAST: MARKET, BY CRYOGEN, 2022–2029 (USD MILLION)
TABLE 77 MIDDLE EAST: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 78 MIDDLE EAST: MARKET, BY TYPE, 2022–2029 (USD MILLION)
TABLE 79 MIDDLE EAST: MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 80 SAUDI ARABIA: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 81 UAE: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 82 QATAR: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 83 REST OF GCC: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 84 REST OF THE MIDDLE EAST: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 85 AFRICA: MARKET, BY CRYOGEN, 2022–2029 (USD MILLION)
TABLE 86 AFRICA: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 87 AFRICA: MARKET, BY TYPE, 2022–2029 (USD MILLION)
TABLE 88 AFRICA: MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 89 SOUTH AFRICA: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 90 NIGERIA: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 91 ALGERIA: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 92 REST OF AFRICA: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 93 SOUTH AMERICA: MARKET, BY CRYOGEN, 2022–2029 (USD MILLION)
TABLE 94 SOUTH AMERICA: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 95 SOUTH AMERICA: MARKET, BY TYPE, 2022–2029 (USD MILLION)
TABLE 96 SOUTH AMERICA: MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 97 BRAZIL: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 98 ARGENTINA: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 99 VENEZUELA: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 100 REST OF SOUTH AMERICA: MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)
TABLE 101 MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2024
TABLE 102 MARKET: DEGREE OF COMPETITION
TABLE 103 MARKET: REGIONAL FOOTPRINT
TABLE 104 MARKET: TYPE FOOTPRINT, 2023
TABLE 105 MARKET: CRYOGEN FOOTPRINT, 2023
TABLE 106 MARKET: APPLICATION FOOTPRINT, 2023
TABLE 107 MARKET: END USER FOOTPRINT, 2023
TABLE 108 MARKET: COMPONENT FOOTPRINT, 2023 (1/2)
TABLE 109 MARKET: COMPONENT FOOTPRINT, 2023 (2/2)
TABLE 110 MARKET: LIST OF KEY STARTUPS/SMES, 2023 (1/2)
TABLE 111 MARKET: LIST OF KEY STARTUPS/SMES, 2023 (2/2)
TABLE 112 MARKET: PRODUCT LAUNCHES, JANUARY 2020–NOVEMBER 2024
TABLE 113 MARKET: DEALS, JANUARY 2020–NOVEMBER 2024
TABLE 114 MARKET: EXPANSION, JANUARY 2020–NOVEMBER 2024
TABLE 115 MARKET: OTHER DEVELOPMENT, JANUARY 2020–NOVEMBER 2024
TABLE 116 PARKER HANNIFIN CORP: COMPANY OVERVIEW
TABLE 117 PARKER HANNIFIN CORP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 118 PARKER HANNIFIN CORP: PRODUCT LAUNCHES
TABLE 119 EMERSON ELECTRIC CO.: COMPANY OVERVIEW
TABLE 120 EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 121 EMERSON ELECTRIC CO.: PRODUCT LAUNCHES
TABLE 122 FLOWSERVE CORPORATION: COMPANY OVERVIEW
TABLE 123 FLOWSERVE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 124 FLOWSERVE CORPORATION: DEALS
TABLE 125 FLOWSERVE CORPORATION: OTHER DEVELOPMENTS
TABLE 126 CRANE COMPANY: COMPANY OVERVIEW
TABLE 127 CRANE COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 128 CRANE COMPANY: DEALS
TABLE 129 VALMET: COMPANY OVERVIEW
TABLE 130 VALMET: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 131 VALMET: OTHER DEVELOPMENTS
TABLE 132 VELAN: COMPANY OVERVIEW
TABLE 133 VELAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 134 BAKER HUGHES: COMPANY OVERVIEW
TABLE 135 BAKER HUGHES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 136 BAKER HUGHES: PRODUCT LAUNCHES
TABLE 137 BAKER HUGHES: EXPANSIONS
TABLE 138 BAKER HUGHES: OTHER DEVELOPMENTS
TABLE 139 KITZ CORPORATION: COMPANY OVERVIEW
TABLE 140 KITZ CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 141 KITZ CORPORATION: DEALS
TABLE 142 KITZ CORPORATION: EXPANSIONS
TABLE 143 BRAY INTERNATIONAL: COMPANY OVERVIEW
TABLE 144 BRAY INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 145 BAC VALVES: COMPANY OVERVIEW
TABLE 146 BAC VALVES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 147 CRYOCOMP: COMPANY OVERVIEW
TABLE 148 CRYOCOMP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 149 SLB: COMPANY OVERVIEW
TABLE 150 SLB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 151 SLB: EXPANSIONS
TABLE 152 L&T VALVES LIMITED: COMPANY OVERVIEW
TABLE 153 L&T VALVES LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 154 POWELL VALVES: COMPANY OVERVIEW
TABLE 155 POWELL VALVES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 156 HABONIM: COMPANY OVERVIEW
TABLE 157 HABONIM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 158 HEROSE: COMPANY OVERVIEW
TABLE 159 HEROSE: PRODUCTS/SOLUTIONS/SERVICES OFFERED

LIST OF FIGURES

FIGURE 1 MARKET SEGMENTATION AND REGIONAL SNAPSHOT
FIGURE 2 STUDY YEARS CONSIDERED
FIGURE 3 MARKET: RESEARCH DESIGN
FIGURE 4 DATA TRIANGULATION METHODOLOGY
FIGURE 5 KEY DATA FROM SECONDARY SOURCES
FIGURE 6 KEY INSIGHTS FROM INDUSTRY EXPERTS
FIGURE 7 BREAKDOWN OF PRIMARIES: BY COMPANY TYPE, DESIGNATION, AND REGION
FIGURE 8 MARKET: BOTTOM-UP APPROACH
FIGURE 9 MARKET: TOP-DOWN APPROACH
FIGURE 10 METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR CRYOGENIC VALVE ASSEMBLY
FIGURE 11 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF CRYOGENIC VALVE ASSEMBLY
FIGURE 12 MARKET: SUPPLY-SIDE ANALYSIS
FIGURE 13 MARKET: MARKET SHARE ANALYSIS, 2023
FIGURE 14 BALL VALVES TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
FIGURE 15 NITROGEN TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2024
FIGURE 16 METALLURGY INDUSTRY TO ACCOUNT FOR MAJORITY SHARE IN 2024 AND 2029
FIGURE 17 CASU APPLICATIONS TO ACCOUNT FOR LARGER SHARE OF MARKET IN 2024 AND 2029 (USD MILLION)
FIGURE 18 VALVE BODY TO ACCOUNT FOR LEADING SHARE OF MARKET IN 2024 AND 2029
FIGURE 19 ASIA PACIFIC DOMINATED MARKET IN 2023
FIGURE 20 UTILIZATION OF INDUSTRIAL GASES IN METALLURGY AND ENERGY & POWER INDUSTRIES TO DRIVE MARKET
FIGURE 21 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
FIGURE 22 NITROGEN AND CHINA HELD LARGEST SHARE OF ASIA PACIFIC MARKET, BY CRYOGEN AND COUNTRY, RESPECTIVELY, IN 2023
FIGURE 23 BALL VALVE TO CAPTURE LARGEST SHARE OF GLOBAL MARKET IN 2029
FIGURE 24 LNG SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2029
FIGURE 25 METALLURGY INDUSTRY TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2029
FIGURE 26 CASU APPLICATIONS TO DOMINATE MARKET BY 2029
FIGURE 27 VALVE BODY IS EXPECTED TO DOMINATE MARKET IN 2029
FIGURE 28 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 29 TOP FIVE EXPORTERS OF LNG IN 2023 (MT)
FIGURE 30 TOTAL REVENUE OF CHEMICAL INDUSTRY WORLDWIDE, 2005–2022 (USD BILLION)
FIGURE 31 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 32 SUPPLY CHAIN ANALYSIS
FIGURE 33 ECOSYSTEM ANALYSIS
FIGURE 34 MARKET: PATENTS APPLIED AND GRANTED, 2013–2023
FIGURE 35 EXPORT DATA FOR HS CODE 280430, 2021–2023 (USD THOUSAND)
FIGURE 36 IMPORT DATA FOR HS CODE 280430, 2021–2023 (USD THOUSAND)
FIGURE 37 EXPORT DATA FOR HS CODE 280421, 2021–2023 (USD THOUSAND)
FIGURE 38 IMPORT DATA FOR HS CODE 280421, 2021–2023 (USD THOUSAND)
FIGURE 39 EXPORT DATA FOR HS CODE 280440, 2021–2023 (USD THOUSAND)
FIGURE 40 IMPORT DATA FOR HS CODE 280440, 2020–2022 (USD THOUSAND)
FIGURE 41 EXPORT DATA FOR HS CODE 271111, 2021–2023 (USD THOUSAND)
FIGURE 42 LNG IMPORT DATA FOR TOP FIVE COUNTRIES, 2021–2023 (USD THOUSAND)
FIGURE 43 EXPORT DATA FOR HS CODE 280410, 2021–2023 (USD THOUSAND)
FIGURE 44 IMPORT DATA FOR HS CODE 280410, 2021–2023 (USD THOUSAND)
FIGURE 45 PORTER’S FIVE FORCES ANALYSIS FOR MARKET
FIGURE 46 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY END-USER INDUSTRIES
FIGURE 47 KEY BUYING CRITERIA FOR KEY END-USER INDUSTRIES
FIGURE 48 INVESTMENT AND FUNDING SCENARIO, 2024 (USD MILLION)
FIGURE 49 MARKET SHARE (VALUE), BY TYPE, 2023
FIGURE 50 MARKET SHARE (VALUE), BY COMPONENT, 2023
FIGURE 51 MARKET SHARE (VALUE), BY CRYOGEN, 2023
FIGURE 52 MARKET SHARE (VALUE), BY END-USER INDUSTRY, 2023
FIGURE 53 MARKET SHARE (VALUE), BY APPLICATION, 2023
FIGURE 54 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
FIGURE 55 MARKET SHARE (VALUE), BY REGION, 2023
FIGURE 56 ASIA PACIFIC: MARKET SNAPSHOT
FIGURE 57 EUROPE: MARKET SNAPSHOT
FIGURE 58 MARKET SHARE ANALYSIS OF TOP PLAYERS, 2023
FIGURE 59 MARKET: SEGMENTAL REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2020–2024 (USD MILLION)
FIGURE 60 MARKET: BRAND/PRODUCT COMPARISON
FIGURE 61 MARKET: COMPANY EVALUATION, 2024
FIGURE 62 MARKET: FINANCIAL METRICS, 2024
FIGURE 63 MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
FIGURE 64 MARKET: COMPANY FOOTPRINT, 2023
FIGURE 65 MARKET: STARTUPS/SMES EVALUATION MATRIX, 2023
FIGURE 66 PARKER HANNIFIN CORP: COMPANY SNAPSHOT
FIGURE 67 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
FIGURE 68 FLOWSERVE CORPORATION: COMPANY SNAPSHOT
FIGURE 69 CRANE COMPANY: COMPANY SNAPSHOT
FIGURE 70 VALMET: COMPANY SNAPSHOT
FIGURE 71 VELAN: COMPANY SNAPSHOT
FIGURE 72 BAKER HUGHES: COMPANY SNAPSHOT
FIGURE 73 KITZ CORPORATION: COMPANY SNAPSHOT
FIGURE 74 SLB: COMPANY SNAPSHOT

The study involved major activities in estimating the current size of the cryogenic valve assembly market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

The secondary sources referred to for this research study include annual reports, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors, and databases of various companies and associations. Secondary research has been mainly used to obtain key information about the supply chain and to identify the key players offering cryogenic valves and components, market classification, and segmentation according to the offerings of the leading players, along with the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from the supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, and related key executives from various companies and organizations operating in the cryogenic valve assembly market.

In the complete market engineering process, top-down and bottom-up approaches have been extensively used, along with several data triangulation methods, to perform the market size estimations and forecasts for all segments and subsegments listed in this report. Extensive qualitative and quantitative analyses have been conducted to complete the market engineering process and list key information/insights throughout the report.

Cryogenic Valve Assembly Market Size, and Share

Note 1: Others include sales managers, marketing managers, and product managers.
Note 2: Tier 1 companies’ revenues are more than USD 10 billion; tier 2 companies’ revenues range between USD 1 and 10 billion; and tier 3 companies’ revenues range between USD 500 million and USD 1 billion.
Source: Industry Experts

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the cryogenic valve assembly market and its dependent submarkets. The key players in the market have been identified through secondary research, and their market shares in the respective regions have been obtained through both primary and secondary research. The research methodology includes the study of the annual and financial reports of the top market players and interviews with industry experts, such as chief executive officers, vice presidents, directors, sales managers, and marketing executives, for key quantitative and qualitative insights related to the cryogenic valve assembly market. The following sections provide details about the overall market size estimation process employed in this study.

Cryogenic Valve Assembly Market : Top-Down and Bottom-Up Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained below, the total market has been split into several segments and subsegments. The data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size has been validated using both top-down and bottom-up approaches.

Market Definition

The cryogenic valve assembly is a system of interconnected valves and components designed to control, regulate, and direct the flow of cryogenic fluids. These fluids generally include gases liquefied at very low temperatures (below -150 °C/-238 °F) and are used in various industries, including aerospace, healthcare, and energy.

The cryogenic valve assembly market is the sum of the revenues generated by the companies offering cryogenic valves and their components. The cryogenic valve assembly market has been analyzed for North America, Europe, Asia Pacific, South America, the Middle East, and Africa.

Stakeholders

Consulting companies in the energy & power sector
Government and research organizations
Investment banks
Manufacturing industries
R&D laboratories
Industrial gas supplying companies
Hydrogen production and storage companies
Engineering, procurement, and construction companies
Cryogenic valve and component manufacturers
Industry associations

Report Objectives

To describe, segment, and forecast the cryogenic valve assembly market based on type, components, cryogen, end-user industry, and application in terms of value
To provide qualitative insights on the cryogenic valve assembly market based on system type and construction material
To describe and forecast the market for six key regions: North America, Europe, Asia Pacific, the Middle East, South America, and Africa, along with their country-level market sizes, in terms of value
To strategically analyze micromarkets with respect to individual growth trends, future expansions, and their contribution to the overall cryogenic valve assembly market
To provide detailed information regarding key drivers, restraints, opportunities, and challenges influencing the growth of the market
To provide the supply chain analysis, trends/disruptions impacting customers’ businesses, ecosystem analysis, regulatory landscape, pricing analysis, patent analysis, case study analysis, technology analysis, key conferences and events, trade analysis, Porter’s Five Forces analysis, key stakeholders and buying criteria sections, and global macroeconomic outlook in the cryogenic valve assembly market
To analyze opportunities for stakeholders in the cryogenic valve assembly market and draw a competitive landscape
To benchmark market players using the company evaluation quadrant, which analyzes market players on broad categories of business and product strategies adopted by them
To compare key market players with respect to product specifications and applications
To strategically profile key players and comprehensively analyze their market rankings and core competencies
To analyze competitive developments such as contracts and agreements, investments and expansions, acquisitions, partnerships, product launches, and collaborations in the cryogenic valve assembly market

Available Customizations

MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis as per Feasibility

Further breakdown of the cryogenic valve assembly market, by country

Cryogenic Valve Assembly Market

Cryogenic Valve Assembly Market by Type (Gate, Globe, Ball, Check, Butterfly), Cryogen (Nitrogen, Argon, Oxygen, LNG, Hydrogen), End-user Industry (Metallurgy, Power, Chemicals, Electronics), Component, Application, and Region - Global Forecast to 2029